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Entrepreneur - New Business
Seeking Angel investor for additional development capital
Posted by:
David Murphy
on 6/3/2010 3:20:14 PM
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Funding Needed
:
$250k - $500k
Category:
Healthcare & Medical / Pharma
Website :
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Location :
San Jose,
California,
USA
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Description:
SilkCloud Users Can Create, Access, Track, Share, Manage & Store General & Sensitive Information via the Internet Using Any Device With Enhanced Security
SilkCloud MedApps. application serves the Medical Community & its Patients
Web based/SaaS Cloud computing model provides its Users with Practice Management Tools, Work Flow, EMRs & EHRs. Contains User Interfaces for extensive patient history, comprehensive medical history, patient visit, prescription request, lab script, physician referral script.
Allows patient portable control and management of their personal medical records.
SilkCloud Advantages
- Users only need browser
- SaaS model, affordable by all
- Ease of use, little training required
- Intuitive UI functionality
- Usable on iPad and touch screen tablets
- Limited implementation time
- Enables reporting compliance
Customer Engagements
- Medical Clinic deployments in northern & southern California serving multiple
practice types:
- Occupational Med, Pain Management, General
- Chiropractors, Acupuncturists
- Test marketing research indicates positive adoption by:
o College Students
o General Patient
- Excellent new customer traction
- Outstanding revenue potential
SilkCloud Team
- Experienced industry executives
- Very strong Advisory Board
- Involved Angel Investors
Funding
- $1.2 million raised to date on convertible notes
- Uses of new funds:
o Engineering enhancements to existing application
o Sales channel & market development
o Existing & new customer support
o Fund MedApps. marketing programs
o Launch college student and gen. patient programs
- Seeking additional $500K to complete Preferred Series A
Business Model
- Very profitable SaaS model
- Cash flow positive in two quarters
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